I wouldn’t read too much into that as it is the New Orleans area and his record is probably cleaner than most in business down there right now or in the past for that matter– local politicians & government officials included. I always saw that as an investment risk for any company in that area. JMO
Could you be more specific about his real estate transactions or at least direct me to a good source of information about them? I have a client who is considering financing a real estate acquisition for him.